KSEAB II PU Accountancy Model Question Paper 2025 Karnataka

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KSEAB II PU Accountancy Model Question Paper 2025 Karnataka

Organisation : Karnataka School Examination & Assessment Board (KSEAB)
Class Name : II PU
Subject : Accountancy
Download : Model Question Paper 2025
Website : https://dpue-exam.karnataka.gov.in/ModelQp2025/frmkmpdamodelpapers

KSEAB II PU Accountancy Model Question Paper

I. Choose the correct answer from the choices given:

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1. A and B share profits and losses in the ratio of 3:1. C is admitted into partnership for 1/4 share. The sacrificing ratio of A and B is:
a) 1:1
b) 3: 1
c) 2: 1
d) 3: 2

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2. On dissolution of a firm, for closing the bank overdraft is transferred to:
a) Cash Account
b) Bank Account
c) Realisation Account
d) Partner’s capital Account.

3. Interest on calls in arrears is charged according to “Table F” at:
a)10%
b)11%
c) 12%
d) 13%

4. The prescribed form of Balance Sheet for Companies has been given in the Schedule _____
a) VI part I
b) VI part II
c) VI part IV
d) III Schedule.

5. Which of the following is not a cash inflow from investing activities?
a) Cash receipts from disposal of fixed assets.
b) Cash receipts from sale of goods and rendering services.
c) Interest received in cash from loans and advances.
d) Dividend received from investments in other enterprises.

II. Fill in the blanks by choosing the appropriate answers from those given in the brackets:
(not transferred, liquid, P/L Appropriation, current, rate of interest, profit and loss suspense)
6. __________________A/c Dr. To Partners’ Capital /Current A/cs. (Being transferring final profit to partners)
7. ______________ account is debited for the transfer of share of accrued profit of a deceased partner.
8. Partner’s loan is ________ to the Realisation Account.
9. 1,000 , 10% debentures issued at par, 10% means____________.
10. Quick Ratio is also known as_________________ ratio.

III. Match the following:
11. A B
a) Capitalisation Method i) Common Size Statement
b) Limited Company ii) Comparative statement
c) Debentureholders iii) Financing activities
d) Vertical analysis iv) Valuation of Goodwill
e) Issue of Shares v) No voting rights
vi) Where there is limit on the liability

VI. Answer the following questions in one word or one sentence each:
12. Find out interest at 8% p.a. on capital of ₹50,000 for 9 months.
13. Sec. 37 of the Indian Partnership Act, 1932 states that the outgoing partner has an option to receive either interest @ 6% p.a. till the date of payment or such share of profits which has been earned with his money. (State True or False).
14 Give an example for non-current asset.
15. Give the meaning of interpretation in financial analysis.
16. Expand ROI.

Part-B:
Answer any three questions. Each question carries 2 marks:
17. Name any two methods for calculation of Interest on drawings.
18. Mention any two circumstances for retirement of a partner.
19. Give the meaning of calls in arrears.
20. Write any two objectives of financial statements.
21. What is cash flow statement?

Part-C:
Answer any three questions, each question carries 6 marks: (3×6=18)
22. Vidya and Lakshmi were partners in a firm sharing profits and losses in the ratio of 3:2. They admit Sunitha for 1/6th share in profits and guaranteed that her share of profits will not be less than ₹25,000. Total profits of the firm were ₹90,000. Calculate share of profits for each partner when: Guarantee is given by Vidya and Lakshmi equally. Prepare Profit and Loss Appropriation account.

23. Bhavana and Kavana are partners sharing profits in the ratio of 3:2. They admit Sahana as a new partner for 1/5th share in the future profits of the firm, which she gets equally from Bhavana and Kavana. Calculate new profit sharing ratio of Bhavana , Kavana and Sahana.

Instructions:
1.The question paper contains four parts A, B, C, and D. Part-A contains four Sections I, II, III and IV.
2. Provide working notes wherever necessary.
3. 15 minutes extra has been allotted for candidates to read the questions.
4. Figures in the right hand margin indicate full marks.
5. For Part-A questions, only the first written answers will be considered for evaluation.